The baby boomer generation in the U.S. possesses $18 to $19 trillion in housing wealth due to years of homeownership and rising property values. Significant concentrations of retiree real estate wealth are found in certain metro areas, particularly in Florida. North Port-Bradenton holds $97 billion in real estate value with a diverse coastal environment. Naples-Marco Island is noted for luxury living and a $70 billion real estate value. Other notable areas include Santa Rosa-Petaluma, CA, Prescott-Prescott Valley, AZ, and Barnstable Town, MA, each with their unique appeal and significant property values.
The baby boomer generation in the U.S. collectively holds a substantial amount of housing wealth, estimated at $18 to $19 trillion, reflecting years of homeownership and rising property values.
North Port-Bradenton, FL: Boasts a real estate value of $97 billion held by 65+ homeowners, with a 56% share of this demographic. The median home price is $495,000.
Naples-Marco Island, FL: With a real estate value of $70 billion held by 65+ homeowners (57% of the demographic), this area on Florida's west coast is known for luxury living.
Claire even mention Prescott-Prescott Valley, AZ: Offering a real estate value of $27 billion held by 65+ homeowners (58% share), this area's warm climate and lower insurance costs attract retirees.
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